...(2) that the instrument is at (he time of his indorsement valid and subsisting. And, in addition, he engages that on due presentment it shall be accepted...subsequent indorser who may be compelled to pay it. § 4388. Liability of indorser when paper negotiable by delivery Where a person places his indorsement...

...to indorse ; and engages that on due presentment the instrument will be accepted or paid, or both, according to its tenor, and that if it be dishonored,...subsequent indorser who may be compelled to pay it, But the drawer may insert in the instrument an express stipulation negativing or limiting his own liability...

...subsequent holders that "on due presentment the instrument will be accepted "* and paid,1" or both, according to its tenor, and that if it be dishonored...any subsequent indorser who may be compelled to pay it."70 This is the language of the Negotiable Instruments Law and is merely declaratory of the common...

...capacity to indorse; and engages that on due presentment the instrument will be accepted or paid, or both, according to its tenor, and that if it be dishonored,...dishonor be duly taken, he will pay the amount thereof to assume, of course without deciding, that the facts are, In substance, as claimed by the plaintiff....

...shall be paid according to its .tenor, and that, If dishonored, and the necessary steps on dishonor are duly taken, he will pay the amount thereof to the holder or to any subsequent indorser who has been compelled, to pay it. This is the contract which was Implied by law before the statute, and,...

...to indorse ; and engages that on due presentment the instrument will be accepted and paid, or both, according to its tenor, and that if it be dishonored,...subsequent indorser who may be compelled to pay it. But the drawer may insert in the instrument an express stipulation negativing or limiting his own liability...

...capacity to indorse; and engages that on due presentment the instrument will be accepted or paid, or both, according to its tenor, and that if it be dishonored,...subsequent indorser who may be compelled to pay it. But the drawer may insert in the instrument an express stipulation negativing or limiting his own liability...

...indorser engages that on due presentment a note or bill will be paid, and that if it be dishonored, and if the necessary proceedings on dishonor be duly taken, he will pay the amount thereof to the holder ; by section 130 presentment for payment is necessary in order to charge the indorser; by section 132...

...indorser, as well as the drawer, engages that upon due presentment it will be accepted or paid or both according to its tenor, and that if it be dishonored...the holder or to any subsequent indorser who may be held to pay it. Comp. Laws 1913, §§ 6951, 6946. The fact that a postdated check is negotiable prior...

...That the instrument is at the time of his indorsement valid and subsisting. — And, in addition, he engages that on due presentment, it shall be accepted...may be, according to its tenor, and that if it be dishonoured, and the necessary proceedings on dishonor be duly taken, he will pay the amount thereof...